Most L1s are heading straight to ghost town status. Not a scam—just how capital works. Same story as the dot-com bust.

The survivors? Chains with sovereign economies, killer niche positioning, or platform lock-in.

Stop chasing price pumps. Watch:
• User density (active wallets, not vanity metrics)
• Stablecoin inflows (real liquidity signal)
• Dev migration (where builders go, value follows)

If your chain can't show these, it's exit liquidity waiting to happen.